ES SERVICES(01995) has allocated a total of 60.6 million subscription rights and plans to repurchase up to about 173 million shares.

ES SERVICES (01995) announced that the board of directors has approved the 2025 Stock Option Plan. On November 13, 2025, the board of directors also decided (i) to grant 32.8 million stock options to three executive directors (Mr. Zhou Hongbin, Mr. Lin Zhubo, and Mr. Zhou Di) under the 2025 Stock Option Plan; and (ii) to grant a total of 27.8 million stock options to 29 employees who are not directors, key executives, or major shareholders of the company under the 2025 Stock Option Plan, subject to the plan's effectiveness. The board believes that the current trading price of the shares does not fully reflect the company's underlying value. Therefore, depending on market conditions and the company's actual needs at the time, the board may, under the general authorization granted by shareholders at the annual general meeting, repurchase up to 172,855,400 shares (representing 10% of the total issued shares as of the date of the annual general meeting) on the open market. The cost of repurchasing the shares will be paid using the group's existing available cash reserves. The company will hold the repurchased shares as treasury shares for the 2025 Stock Option Plan or cancel them.